1. A bank has issued a loan of $100,000 to a borrower for a term of 5 years at an interest rate of 10% per annum compounded annually. Calculate the interest earned on the loan at the end of 5 years.

2. A bank has received a deposit of $50,000 from a customer for a term of 3 years at an interest rate of 8% per annum compounded annually. Calculate the maturity value of the deposit at the end of 3 years.

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